After a long career at Barron's, I joined Forbes as San Francisco bureau chief in December 2010. I've been writing about technology and investing for more than 25 years. With the Tech Trade, I've picked up where I left off when I was writing the Tech Trader Daily blog at Barrons.com. When I'm not working, you can find me riding my road bike around the Bay Area hills, managing my fantasy baseball team, rooting for my beloved Phillies and Eagles and hanging out in the Valley with my family. You can follow me on Facebook, on Twitter (@savitz), and on Google+.

Rubicon Technology Slides As Q4 Guidance Misses Estimates

Rubicon, which providers materials to the LED sector, posted Q3 revenue of $19.9 million, down from $33.6 million a year ago, about about in line with the Street at $19.997 million. Profits of a penny a share topped the Street consensus forecast of a loss of 3 cents.

For the fourth quarter, though, the company sees revenues flat with Q3, below the Street at $25.76 million, with a loss of 2-5 cents a share, below the Street EPS forecast of 4 cents a share.

The company noted that the recovery of the LED market has been slower than expected.

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